| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23161 |
| 来源ID | Working Paper 23161 |
| What is the Price of Tea in China? Towards the Relative Cost of Living in Chinese and U.S. Cities | |
| Robert C. Feenstra; Mingzhi Xu; Alexis Antoniades | |
| 发表日期 | 2017-02-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We examine the price and variety of products at the barcode level in cities within China and the United States. In both countries, there is a greater variety of products in larger cities. But in China, unlike the United States, the prices of products tend to be lower in larger cities. We attribute the lower prices to a pro-competitive effect, whereby large cities attract more firms which leads to lower markups and prices. Combining the effect of greater variety and lower prices, it follows that the cost of living for grocery-store products in China is lower in larger cities. We further compare the cost-of-living indexes for particular product categories between China and the United States. In product categories with a significant presence of U.S. brands in the Chinese market, the availability of additional Chinese brands leads to greater variety than in the United States, and therefore lower Chinese price indexes for that reason. In product categories with much less presence of U.S. brands in the Chinese market, however, the observed prices differences between the countries (usually lower prices in China) are partially or fully offset by the variety differences (less variety in China), so that the cost of living in China is not as low as the price differences suggest, especially in smaller cities. |
| 主题 | Macroeconomics ; International Economics ; Trade ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w23161 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580835 |
| 推荐引用方式 GB/T 7714 | Robert C. Feenstra,Mingzhi Xu,Alexis Antoniades. What is the Price of Tea in China? Towards the Relative Cost of Living in Chinese and U.S. Cities. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23161.pdf（945KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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